Small Size Federal Reserve Bank Notes $50 - 1929

Small Size Notes-1928 to Present

After 68 years of prosperity, our large size currency felt the impact of modern times. So the large size US curency note came to an end due to the economics of the times. Tons of ink and paper were required to produce our currency to an ever expanding economy. The currency needed to fulfill this new demand was astronomical. The government realized that many millions of dollars could be saved if our currency was reduced in size. This was the direction the US Government took as on July 10, 1929 the first of the new small sized notes were placed into general circulation.

The new small sized notes were reduced in size from 7.42 inches by 3.13 inches to 6.14 inches ,X 2.61 inches. This cost cutting measures saved the government millions of dollars in ink and paper annually.

Small Size-Federal Reserve Bank Notes

Small size Federal Reserve Bank Notes (FRBNs) of 1929 was a one-year emergency issue. Issued in 1933 in denominations of $5, $10, $20, $50 and $100 denomoations, they all featured a distinct Brown Seal. Not all banks issued all denominations. Although they are all obsolete, most are still readily available for collectors. FRBN stars notes are highly sought after and are very rare in certain denominations. According to the Jhon E Cash Census, there are an estimated 1,215 star notes known. They differed from Federal Reserve Notes in that they could be redeemed only at the Federal Reserve bank that issued them.

They were issued only as an emergency issue in 1933 using the same paper stock used for National Bank Notes. This emergency issue was prompted by the public hoarding of cash because of the many bank failures happening at the time. This also limited the ability of the ,National Banks to issue notes of their own. They were phased out within 2 years, but served their purpose dutifully. As small size notes, they have brown seals and serial numbers, the same as National Bank Notes of the era.

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3 Notes Found (Exclude Star Notes)

Page: 1

(SOLD)

Fr.-1880 1929 $50 New York FRBN Ser. B00434897A Raw
This is a nice 1929 $50 FRBN from the New York district. The serial number is B00434897A. Nice color and margins. No problems here....
Added: 7/19/2010 Views: 7242 Price: SOLD

Fr.-1880B* 1929 $50 New York FRBN Star Ser. # B00010440* VF
This is a 1929 $50 FRBN star from the New York district. There were only 24,000 printed and 44 have survived. The serial number is B00010440*. This Very Fine Note has no visable rips, tears or pinholes. See the large scans for additional details....
Added: 3/23/2010 Views: 3712 Price: $850.00

Fr.-1880J* 1929 $50 Kansas City FRBN Star Ser. # J00003735* VF
There were on 12,000 of these 1929 $50 FRBN stars from the Kansas City district printed. Only 36 have survived. This nice VF example has no major visable distractions such as pinholes rips or tears. The serial numbr is J00003735*. I have mark this one way...
Added: 3/23/2010 Views: 3805 Price: $1,150.00

3 Notes Found

Page: 1

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